Celsius (NASDAQ:CELH) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Friday.

Several other research firms have also weighed in on CELH. Zacks Investment Research lowered Celsius from a “buy” rating to a “hold” rating in a report on Monday, November 13th. B. Riley reiterated a “buy” rating and set a $7.00 price target on shares of Celsius in a report on Monday, August 21st.

Shares of Celsius (NASDAQ CELH) traded down $0.24 during midday trading on Friday, hitting $4.69. The company had a trading volume of 52,600 shares, compared to its average volume of 65,173. Celsius has a 1-year low of $2.23 and a 1-year high of $7.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.79 and a quick ratio of 3.31.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $10.79 million during the quarter. Celsius had a negative net margin of 10.37% and a negative return on equity of 18.23%. equities analysts forecast that Celsius will post -0.11 earnings per share for the current year.

A hedge fund recently bought a new stake in Celsius stock. Arcus Capital Partners LLC purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius accounts for about 1.5% of Arcus Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Arcus Capital Partners LLC owned about 1.23% of Celsius at the end of the most recent quarter. 6.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Celsius

Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.

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